According to Cointelegraph, Foresight News reports that the Florida Senate announced that House Bill HB 487 and Senate Bill SB 550 were "indefinitely postponed and withdrawn from consideration" on May 3rd. The two bills proposed to allow the state's Chief Financial Officer and State Administrative Committee to invest 10% of state funds in Bitcoin. Previously, Arizona's Bitcoin reserve bill HB 1025 was vetoed by Governor Katie Hobbs on May 3rd, but two related bills (HB 2749 and SB 1373) may still make Arizona the first state to establish a Bitcoin reserve.
Florida withdraws strategic bitcoin reserve bill
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